Restoring Trust in American Business Digital Life Books

Restoring Trust in American Business
from: The MIT Press

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Binding: Paperback
Dewey Decimal Number: 658.408
EAN: 9780262740272
ISBN: 0262740273
Label: The MIT Press
Manufacturer: The MIT Press
Number Of Items: 1
Number Of Pages: 190
Publication Date: January 03, 2005
Publisher: The MIT Press
Sales Rank: 1369168
Studio: The MIT Press

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Recent business scandals point to a disturbing breakdown of values in corporate America. This book responds to the crisis by examining the responsibilities of 'gatekeepers'—corporate directors, regulators, auditors, lawyers, investment bankers, and business journalists—who stand between corporate misconduct and the public. The essays, by prominent scholars and practitioners, argue that market pressures have made gatekeepers too focused on financial self-interest and too heedless of the public good to live up to society's legitimate expectations. A key part of the book is a set of recommendations for enhancing gatekeeper professionalism. These range from specific steps for improving boards of directors to a call for the investment banking community to establish a uniform code of conduct and articulate its obligations to the investing public.

This book grew out of the Corporate Responsibility Project undertaken by the American Academy of Arts and Sciences. The contributors come from institutions ranging from Wall Street and the nation's leading law and business schools to the AFL-CIO; they include such prominent figures as John S. Reed of the New York Stock Exchange, investment banker Felix Rohatyn, corporate lawyer Martin Lipton, and media commentator and professor of journalism Geneva Overholser.

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